Tata Motors falls on 'muted' December sales
Reuters Market Eye - Shares in Tata Motors Ltd(TAMO.NS) ended down 3.5 percent, after falling as much as 4 percent in trade, as the company posted lower-than-expected global vehicle sales in December, dealers say.
Tata Motors on Tuesday said global vehicle sales in December fell 13.9 percent to 98,968 vehicles, although sales at its key Jaguar Land Rover unit rose 4.2 percent to 32,282 vehicles.
Tata Motors' global sales last month were "muted" after being dragged by a "poor" performance in the domestic market, said IndiaNivesh Securities in a report on Wednesday.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
The BSE Sensex rose to a record high on Monday and the rupee hit a four-month high after the main opposition party BJP, widely seen by investors as being more business friendly, swept three out of four key state elections held since last month. Full Article